Pushed by whom? One of the tier 1's or brokers/investors hoping...

Pushed by whom? One of the tier 1's or brokers/investors hoping to get some shares through a placement?

If they are right and YOW will need to have that much cash on hand, raising an additional $40m through a capital raising would add a lot of shares to the register, after exercise of option there would only be around 200m shares at present. A $20m cap raising I wouldn't have an issue with, an additional 18m odd shares on the register isn't that dilutitive, but I'd much rather see a debt facility which could be drawn down on, if needed, for any more than that.